We’ve heard from many of you that you still have lingering questions on the upcoming Washington Cares Fund, and created a webinar just for you.
For those who are not aware of the details surrounding the Washington Cares Fund, here are a few key pieces to aware of:
- Washington is implementing an employee tax of .58% of W-2 income with no cap for a $36K LTC benefit.
- High salary earners will be most impacted. The alternative option is to offer private LTC insurance (LTCi) which may be more cost effective for employees.
- To exempt yourself from the tax, you must demonstrate you have a private LTCi by November 1st, 2021
Please join SCHRA and our guest speakers from USI, Nick Paylor and Ryder Kimmes, on Thursday July 15 from 11:30 am – 12:15 pm for a FREE educational session on the Washington long-term care tax.
To sign up for this free, online event go to WA Long-Term Care Tax & Options Webinar